PIDILITIND trade ideas
double top ! will pidilite go to 900? close below 1015 today would be confirmation as 1015 is 200 dma and that is also important support for the stock
PIDILITE READY FOR REVERSALLong Wick Candle - Rejecting the price seems there could be reversal from this support level as price seen bounce off from this support two time in past.
Bearish below 1020/1010Pidilite may become bearish below 1020/1010. however the monthly demand levels are still intact. chances of a move on the downside are higher, looking at the current market conditions
#PIDILITE CASH : LOOKS GOOD ABOVE 1150.1#PIDILITE CASH
05 SEPT 2018
LOOKS GOOD ABOVE 1150.1
& DIPS IF ANY 1145-1146
STOPLOSS AT 1138
TARGET 1158-1160/1168-1170
CMP 1135
Pidilite - Rounding bottom pattern Scrip price action can be seen in rounding bottom and on the verge of breakout. We can except scrip to surpass 1300+ levels this time with good volumes
Many brokerage houses are also bullish on this company
Best case study (research) - www.tradebrains.in
Would plan to buy, aiming for long term investment purposes owing to strong fundamentals of the company
Pros:
1) Virtually debt free with finance costs very low
2) Progressive Q1 results with rise in net sales, PAT, PBT:
equitybulls.com
3) Dividend paying company
4) Return on equity: 27.19 %
4) Attractive valuation in comparison with peers. Would prefer to allocate my capital to this company from Sanghi Industries which didnt post good results. Sanghi industries could manage to increase their income from other sources which isnt sustainable
www.screener.in
Technical factors given in chart..
Cons:
1) P/E on higher side: 59.64
2) Price to book value: 15.33
PidiliteInd, Rounding BottomReposting. Price is attempting to come near to breakout point. Time to be alert. Good investment idea.
Trader's Queries - Pidilite!Price action is having resistance at 1190 - 1200 level. Breaking it will make the price to move towards 1230, 1265 and 1295.
Pidilite, Rounding BottomFormation of a Rounding Bottom chart pattern. Today price tried to give a breakout but could. 1200 is the breakout level. Target 150 points plus-- depth of the pattern. Enter on breakout with a 10 points of SL. Great stock-- almost a monopoly in all products. Multiple breakout stock. Strong uptrending stock.
Pidiliteind Bounce Uptrend TradeEntered on 20 Aug 18 on 1141 with a stop loss at 1109.4
TSL update on 23 Aug 18 from 1109.4 to 1128
Current Trailing Stop loss = 1128
In case of hitting stop loss confirmed loss of 13 points.
